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LAUGHING ALL THE WAY TO THE BANK

GMAC chief executive Michael A. Carpenter received a pay packet comparable to Goldman Sachs’ Lloyd Blankfein. Carpenter, head of the bailed-out US auto and real estate lender, received nearly $1.2m (£1m) for a month-and-a-half’s leadership. That amounts to $9.5m annually – just under Blankfein’s $9.6m.